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Meta tells staff it will cut 10% of jobs

bloomberg.com

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Re: Meta tells staff it will cut 10% of jobs

#831

Post by matchbok3 »

autaut wrote: post #805
matchbok3 wrote: post #782

Earlier quoted context omitted.

Where is the Silicon Valley of Europe? I'll wait for your answer.

I think it’s to their credit that they don’t have one and instead got cern. A bunch of shitty crud apps made by mediocre rent seekers that got rich on tax avoidance, gov money + research, and low interest rates vs actual ground breaking research that benefits humanity. Silicon Valley is probably the worst thing that happened to humanity between the 2008 crash and Covid. People have been figuring it out but not after…

Wow. Can't tell if this is a parody or just very, very uninformed. Either way, good day. Hope you understand, one day, how technology has helped millions of people in many different ways.

Re: Meta tells staff it will cut 10% of jobs

#832

Post by matchbok3 »

shimman wrote: post #796
gnabgib wrote: post #386

Earlier quoted context omitted.

I'm not sure the 3 version of your account is going to fare better than the last[0] if you don't find a better way to contribute to the community. [0]: https://news.ycombinator.com/user?id=matchbok

I like how the account is just nothing but attacking workers while supporting the rich, classic VC mindset.

Attacking? Nowhere did I attack anybody. Explaining what a layoff is not "attacking". If you are offended by market economics I suggest you get thicker skin.

Re: Meta tells staff it will cut 10% of jobs

#833

Post by dcrazy »

autaut wrote: post #582
dcrazy wrote: post #531

Earlier quoted context omitted.

That obtained the cutting edge technology by buying an American company that had been founded to productize technology developed at an American defense laboratory based on a Japanese researcher’s work

You are forgetting 20 years and billions of dollars developing, in collaboration with research institutes like IMEC and funding from chipmakers like Intel, Samsung, and TSMC. But it doesn’t fit your ideological narrative of how innovation functions so…

I am not the person you originally replied to. I have no ideological motivation here. I am merely pointing out ASML did not invent EUV, nor did they fund its initial development or the first decade or so of its productization. ASML employs plenty of scientists and engineers who did important work getting EUV to market, but your characterization implied that ASML single-handedly introduced a step-function increase in semiconductor fabrication technology from their labs in the Netherlands, and that is a misleading impression to give. It’s belied by the fact that ASML can’t even choose their own customers without approval from the U.S. government.

Re: Meta tells staff it will cut 10% of jobs

#834

Post by autaut »

matchbok3 wrote: post #831
autaut wrote: post #805

Earlier quoted context omitted.

I think it’s to their credit that they don’t have one and instead got cern. A bunch of shitty crud apps made by mediocre rent seekers that got rich on tax avoidance, gov money + research, and low interest rates vs actual ground breaking research that benefits humanity. Silicon Valley is probably the worst thing that happened to humanity between the 2008 crash and Covid. People have been figuring it out but not after…

Wow. Can't tell if this is a parody or just very, very uninformed. Either way, good day. Hope you understand, one day, how technology has helped millions of people in many different ways.

[dead]

Re: Meta tells staff it will cut 10% of jobs

#835

Post by userbinator »

userbinator wrote: post #427
HoldOnAMinute wrote: post #133

Earlier quoted context omitted.

Large-scale enterprises are really something to behold. Take one small example. A certain large company has cafeterias in many locations. Each of these cafeterias is like a small enterprise. And it has nothing to do with the core business itself. To order food, you need an app. Someone has to build, test, deploy, and maintain that app. It also has a back-end. Someone has to build and maintain those servers as well. T…

Someone has to build, test, deploy, and maintain that app. It also has a back-end. Someone has to build and maintain those servers as well. ...and these days, someone has to justify their continued employment, hence guaranteeing that said app and its related systems will be subjected to constant trendchasing and the inevitable resultant enshittification. It's otherwise perfectly possible to create such an ordering sy…

Apparently the only counter to truth is downvoting. How predictable.

Re: Meta tells staff it will cut 10% of jobs

#836

Post by ptdorf »

52-6F-62 wrote: post #723
hn_throwaway_99 wrote: post #505

Earlier quoted context omitted.

It's #3 - it's always #3. All of these tech companies (with perhaps the notable exception of Apple) massively overhired during the pandemic, and that overhiring was on top of a decade+ of the ZIRP era. So there are 2 main drivers of these layoffs: 1. Correcting pandemic overhiring 2. In the ~2010-2022 timeframe, tech companies poured all this money into speculative bets that never went anywhere, at least from a profi…

But do you really think they accidentally over-hired to the tune of tens of thousands of individuals? Across these companies the numbers are close to 100,000 people. Maybe much more. That means that a large number of high ranking people in these companies projected they would need these people in the coming years, and then some. I think it may be darker than that, and the overhiring was a tentative measure to build u…

Keeping your employees on their toes can work in the short term.

On the long term, prolonged stress kills innovation and engagement.

Re: Meta tells staff it will cut 10% of jobs

#837

Post by silveira »

wisty wrote: post #472
bandrami wrote: post #458

This is interesting because it's a case of "AI taking jobs" but not in the way people normally mean; these massive layoffs are happening not because AI is doing the work they used to do but because capex is sucking all of the operating money out of everywhere. The companies may be forced to replace some of the laid-off employees with AI (as far as possible) but that's an effect not a cause.

3 and a half ways AI takes jobs: 1. By making workers unnecessary (largely hypothetical right now?) 2. By companies spending big on AI, but it didn't pay off yet so they need to cut back on something else. 3. AI is a good excuse for layoffs they want to do anyway. Also - the investors would rather hear "AI" than "oops we are in trouble so we need to do layoffs". For example, if you spent a lot of billions on a 2nd li…

And sometimes 3 can be "every other CEO is doing it, let's do it too. At least we already have the narrative.".

Re: Meta tells staff it will cut 10% of jobs

#838

Post by Rapzid »

dron57 wrote: post #311
Rapzid wrote: post #296

Earlier quoted context omitted.

Totally. I'm sure I'm not alone in saying that if I had to pick a FAANG to put all my retirement savings into Meta would absolutely not be my pick. Heck, if I was forced to either short or invest Meta with all my retirement savings now betting on it's value in 25 years.. I'd short it.

Meta is going to have higher ads revenue than Google this year.

It's not diversified enough IMHO compared to those other companies. That makes its market cap fragile and vulnerable to disruption.

Re: Meta tells staff it will cut 10% of jobs

#839

Post by 1vuio0pswjnm7 »

1vuio0pswjnm7 wrote: post #788

Alternative to archive.is Text-only, no CAPTCHA, no Javascript, no DDoS on blogger, no geo-blocking, no BS curl https://www.bloomberg.com/news/articles/2026-04-23/meta-tells-staff-it-will-cut-10-of-jobs-in-push-for-efficiency \ |egrep -o "(type\":\"paragraph)|(type\":\"text\",\"value\":\"[^\"]+)" \ |sed '/Read More:/{N;d;};s/type\":\"paragraph/ /;s/.\{22\}//' \ |sed '1s/^/ /' > 1.htm firefox ./1.htm

https://en.wikipedia.org/wiki/Wikipedia:Requests_for_comment...

Re: Meta tells staff it will cut 10% of jobs

#840

Post by ValentineC »

hn_throwaway_99 wrote: post #505
wisty wrote: post #472

Earlier quoted context omitted.

3 and a half ways AI takes jobs: 1. By making workers unnecessary (largely hypothetical right now?) 2. By companies spending big on AI, but it didn't pay off yet so they need to cut back on something else. 3. AI is a good excuse for layoffs they want to do anyway. Also - the investors would rather hear "AI" than "oops we are in trouble so we need to do layoffs". For example, if you spent a lot of billions on a 2nd li…

It's #3 - it's always #3. All of these tech companies (with perhaps the notable exception of Apple) massively overhired during the pandemic, and that overhiring was on top of a decade+ of the ZIRP era. So there are 2 main drivers of these layoffs: 1. Correcting pandemic overhiring 2. In the ~2010-2022 timeframe, tech companies poured all this money into speculative bets that never went anywhere, at least from a profi…

> Amazon's Alexa devices division

Alexa devices had so much potential, if they'd only practised customer obsession like Amazon used to (still?) preach, and not stuff their products with ads.

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